(Reuters) – U.S. shale producer EOG Resources said it anticipates well cost to increase by 10% next year, on top of a 7% increase in 2022, as inflation continues to snarl the oilfield.
EOG, which this week announced it had extended operations into Ohio, will maintain low single-digit oil growth next year. Oil equivalent growth, which includes gas and liquids, will grow at a low double-digit rate, executives told investors on Friday.
(Reporting by Liz Hampton in Denver)
